Rich Dad Poor Dad author Robert Kiyosaki has issued a severe warning to Americans, predicting that the country will face one catastrophe after another as BRICS nations return their currency to the United States.
Kiyosaki tells his 3.1 million subscribers in a new video on The Rich Dad Channel that the United States is now at risk of hyperinflation, war, and starvation as other major economic countries band together to challenge the US dollar’s dominance as the world’s reserve currency.
According to Kiyosaki, the BRICS (Brazil, Russia, India, China, and South Africa) alliance poses a huge threat to the stability of American society because the alliance of nations might cause hyperinflation by returning their massive dollar reserves to the US.
According to reports, BRICS is in the early stages of designing a precious metal-pegged currency that does not rely on US dollars. “Triffin’s dilemma meant that the United States had to supply dollars to every central bank in the world.” As a result, we had to print trillions of dollars. When the playground bully, the United States, and the BRICS nations band together to confront the bully, they say, ‘Take your dollars back.’
And when those monies flood back into the country, we have hyperinflation. And guess what happens when there is hyperinflation? Dictators emerge.” According to the Triffin dilemma, the issuer of the global reserve currency has the challenge of having an overabundance of its own currency while providing liquidity to the rest of the world.
According to Kiyosaki, if the BRICS nations forsake the US dollar fully, hyperinflation is just the beginning. He also expects that armed war will contribute to a new American struggle for fundamental essentials.
“The dollar is going to come back in trillions as a result of all this chaos and the dollar going bad.” “Hyperinflation, war, and increased starvation.” The best-selling book also cautions that other countries are realizing the US dollar is untrustworthy.
“Ladies and gentlemen, the problem is that you don’t trust your money. And the world is now waking up to the fact that people don’t trust money, but worst of all, the Triffin conundrum will kick in, and trillions of dollars will wash up on our shores. And you will witness hyperinflation like you have never seen before.”
Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.